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You are here : IndiaNotes >> Research & Analysis >> Companies >> Federal Bank Ltd. >> Research

Buy Federal Bank, Jub Food, TechM; Sell Tata Chem

Reliance Securities | 12 Mar, 2018  | Follow Author | Add to my Favourites 
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Federal Bank closed 1% higher as compared to decline of 0.2% in benchmark NIFTY.

We expect the Bank’s earnings to witness 33% CAGR through FY17-20E and reiterate our BUY recommendation on the stock with an Target Price of Rs150 based on 2.3x FY19E Adjusted book value.

Positional Pick


Fresh long position can be initiated in the range of Rs2050-2020 for the target of Rs2300 with a strict stop loss of Rs1955.

Intraday Picks


For today’s trade, long position can be initiated in the range of Rs616-613 for the target of Rs628-635 with a strict stop loss of Rs606.


For today’s trade, short position can be initiated in the range of Rs690-694 for the target of Rs673-667 with a strict stop loss of



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93.20 -0.55
93.30 -0.35
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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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